“Apple’s value on the stock market briefly rose to $400 billion on Thursday, a record high for what was already the world’s most valuable technology company,” David Goldman reports for CNNMoney.
“Shares ended the day slightly down, leaving Apple with a $398 billion market value.,” Goldman reports. “Still, that puts Apple in some pretty exclusive territory. Only Exxon Mobil (XOM) has a higher valuation, at about $420 billion. PetroChina (PTR) is Apple’s closest competitor, at $270 billion, and Microsoft (MSFT) follows at $235 billion.”
Goldman reports, “Apple’s market cap is higher than the gross domestic product of Greece, Austria, Argentina, or South Africa. Despite its size, Apple is still one of the fastest growing technology companies. The company will report its finances for the past quarter next week, and analysts expect Apple to announce that its sales grew by 45% compared to last year, according to a survey conducted by Thomson Reuters.”
Read more in the full article here.
[Thanks to MacDailyNews Readers “Kerry Classen” and “Now, Now…” for the heads up.]